Betashares, one of the country’s largest exchange-traded fund managers, will slash fees on its most popular product one day after its larger rival, BlackRock, said it would cut its own charges.
Betashares will reduce the fee on its Australia 200 ETF – which tracks the Solactive Australia 200 Index – from 0.07 per cent to 0.04 per cent per annum, charging $4 for every $10,000 invested.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
